Half Year 2019 Standard Chartered PLC Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Martin Leitgeb - Goldman Sachs Group Inc., Research Division - Analyst : Martin Leitgeb from Goldman Sachs. If I could ask maybe 3, and the first one on Hong Kong and just what's happening there. So how would you assume that -- I mean the GDP growth wasn't that slower. And also, just in terms of Wealth Management confidence, business confidence, what could you expect in back to be in the Hong Kong business? If the situation as of now were to continue unchanged, how big a concern is that? The second question, just in terms of revenue progression, to understand better revenue progression from here. The $300 million impact arising from legal entity restructuring, which I think you mentioned is largely complete now, how is that phased over the next 3 years? Would you expect a material contribution already for the second half of this year? Or is it more to come through in a gradual way? And the third question is a bit more broader just in terms of the digital bank rollout you have in Africa. If you were to compare the capabilities of the digital bank to the capability of one of your branch-based representations, how similar the product and offering you have? Is it broadly comparable? Or the digital bank offer has a significantly reduced product offering?